PT PERTAMINA (PERSERO)
PT PERTAMINA (Persero) PERTAMINA is a State Owned oil & gas company (National Oil Company), established on December 10, 1957 under the name PT PERMINA. In 1961 the company changed its name to PN PERMINA and after the merger with PN PERTAMIN in 1968 it became PN PERTAMINA. With the enactment of Law 8 of 1971 the company became PERTAMINA. This name persisted until after PERTAMINA changed its legal status to PT PERTAMINA (PERSERO) on October 9, 2003. Vision, Mission, and Corporate Values of Pertamina are shown in Exhibit 1. Pertamina has a monopoly of the establishment of gas stations in Indonesia, but the monopoly has abolished by the government in 2001. The company also operated 7 refineries with total capacity of 1051. 7 MBSD, petrochemical plants with a total capacity of 1,507,950 tons per year and the LPG plant with a total capacity of 102. 3 million tons per year. Pertamina activities in running the business in the field of energy and petrochemical sector is divided into Upstream and Downstream Business, and supported by subsidiaries activities and joint venture companies.